BASF flags earnings decline, job cuts on high costs in Europe
News2023-02-24
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The German chemicals giant said in a statement on Friday that 2023 earnings before interest and tax (EBIT), adjusted for special items, would fall to between 4.8 billion euros ($5.09 billion) and 5.4 billion, declining further from 6.9 billion in 2022, which was down 11.5% from 2021.
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